SOLD: Advance Auto Parts Commercial Property

This ad is marked as Sold

Description:


SOLD -- OFF THE MARKET

Highlights:
- Advance Auto Parts Leased Investment
- 8% Cap Rate
- Advance Auto Parts - S&P BB+ Rating
- 15 Year NNN Lease
- New Construction - Built in 2008

Description:
This offering represents the opportunity to own a fee simple interest in a property leased to Advance Auto Parts. Built in
2008, this is a 7,000sf free standing building strategically located less than a mile from downtown Cheyenne.

Advance Auto Parts (S&P BB+ rating) is one of America's leading retailers with over 3,400 stores nationwide and over $5 billion in annual sales.

Cheyenne is located near the geographical and time center of North America.

Strategically situated at a major transportation hub (the intersection of Interstates 25 and 80 and two major railroads), it is a developing center of commerce. Only 90 minutes north of Denver,
Colorado, Cheyenne sits as the northern anchor city of the Front Range of the Rocky Mountains. Cheyenne is the capital of Wyoming, the seat of Laramie County, and the site of F.E. Warren Air Force Base.

Members profile:


Advertised by: Mike Eyer (click here to see full profile)
Email: Email Advertiser

Ad Details


Parking Spaces Outside 50
Property is Sold
Auto Use Allowed Yes
Garage Spaces (put 0 if this does not apply) 3.00
Price Info Net Lease Investment with 10+ years left on lease
Price $1,602,691 USD

Buildings & Land


Property Name Advance Auto Parts
Property Types Vehicle Related, Retail
Land Types Retail

Size & Value


Bldg. Size (Sq. Ft.) 7,000
Price/Sq. Ft. 228.96
Cap Rate 8%
Lot/Parcel Size 38,558

Use & Status


Best Property Use This is an investment property
Zoning Free Standing Bldg

For Sale at Auction


Auction Sale? No

Unique Sale Issues


Type of Sale Real Estate Agency Sale

Lease Information


Is this space available for lease? Yes
Tenants with Current Leases Yes
Net Operating Income 1,282,153
Occupancy (in %) 100%
Lease Type NNN

Location


Address 1109 E Lincoln Way
City Cheyenne
State WY
Postal Code 82001
Country USA

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Ad id: 7591926
Ad views: 9581